Clothes chain Peacocks goes into administration

One of the UK’s clothing giants, Peacocks is in trouble. Due to massive debt problems suffered by its owners, one of Great Britain’s largest budget priced clothing chain is being put into administration as a buyer is sought for the retailer. If a willing buyer is not found, thousands of jobs stand to be lost if the chain closes down its 700 stores.

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Clothes chain Peacocks goes into administration

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